To: ViperChick Secret Agent 006.9 who wrote (25187 ) 8/26/1998 2:57:00 AM From: Death Sphincter Read Replies (2) | Respond to
Lisa.....your question was what is the significance of 5 of c of intermediate wave 4.............when a 4th or 2nd wave forms it will usually take the shape of a-b-c...... we have been going down since July 20th....this guy has wave 1 down going down to 7/24....then wave 2 forms and lasts until 7/30..it is a correction of wave 1 and is an a-b-c (meaning the internal structure of wave 2 has 3 waves," a" is a small up," b" small down, "c" small up....put together this a-b-c makes up a completed wave 2) and " c" waves will break down into 5 little waves of its own....so when the 5th wave of a "c" is done the next larger wave will begin going in the OPPOSITE direction....in this case then his wave 3 down started and lasted till Aug 5th and since then he has us in intermediate wave 4 which is correcting wave 3.....he is trying to count wave 4 as an a-b-c, but wave 4 can also be a triangle...a-b-c-d-e....this is what happened in April/May and he shows that on his chart........according to his read when the 4th wave is done a strong wave 5 down will begin...........however, E-Wave Theory has a few stiff rules and in my opinion his count in wave 4 has 2 very serious violations of the rules and is absolutely invalid...BUT it does not mean that wave 4 didn't end with todays high...it might have but not with his count.....if his count was a valid count then when the 5th subwave of the "c" ends...it signals the beginning of the next large wave in the opposite direction.............there are always 2 or more valid E-Wave counts going on...while his count is wrong, there are 2 other counts that say today's high was the end of his 4th wave and 5 down has started..but there are 2 other counts that say 4 has not ended yet..............people must have a very thorough understanding of E-Waves before betting on them...there ARE times when you can count and look for confirmations that tell you "it can't be this, it can't be that,it can't be those....it MUST be this" and then if a bunch of other more traditional TA confirms...it is time to load up........i saw one of those the weekend before the July 20th dump started and loaded up with puts on that Monday morning......but right now I don't see a slam dunk and if i miss a turning point, so what? there is always another tomorrow....i will wait for the odds in my favor..........I see lots of E-Wave calls that are big wrong....and at the time they were being called I did not see slam dunk....but I have also missed some good moves that others have called correctly but I thought too risky..........
